Search Results for: cryptocurrency mining

bitcoin mining

Difficulty of mining bitcoin has decreased for the fourth time in a row

Despite China’s ongoing crackdown on cryptocurrency mining, mining new Bitcoin (BTC) is becoming easier, with BTC’s mining difficulty dropping yet again. According to data from Bitcoin explorer BTC.com, the Bitcoin network experienced its fourth consecutive negative adjustment of mining difficulty on July 18, dropping 4.8 percent. The most recent mining difficulty adjustment took place at […]

crypto mining

China has banned crypto mining in Anhui Province

The Chinese government is continuing its crackdown on crypto mining by suspending operations in yet another province. According to local news agency Hefei Online, authorities in Anhui, a small province in eastern China, have announced a set of measures to address rising electricity demand and a resulting power supply shortage over the next three years. Anhui […]

Bitcoin Mining, mining

Square will invest $5 million into the Blockstream Bitcoin mining facility

Square Inc., a crypto-friendly mobile payments company. Has announced that it will invest $5 million in a solar-powered Bitcoin (BTC) mining facility for Blockstream Mining. Demonstrating Jack Dorsey’s continued support for blockchain infrastructure. Blockstream’s chief information officer, Chris Cook, announced the collaboration on Saturday. Outlining plans to build the open-source mining facility at one of […]

crypto mining

COVID is forcing Chinese Internet cafes to become crypto mining hubs

As social distancing measures continue to bite in China, internet cafe owners are turning their businesses into crypto mining centers. According to The Time Weekly, via Sina, a large number of 24-hour internet cafes, designed primarily for PC gamers, shut down in 2020 as a result of the coronavirus pandemic. According to the media outlet, […]

bitcoin

Over the last 12 months, Bitcoin mining stocks have outperformed BTC by 455 percent

Despite the fact that the top publicly traded Bitcoin mining companies are losing money, their stock prices have outperformed BTC over the last year. Leeor Shimron, Fundstrat’s vice president of digital asset strategy, spoke on CNBC about his research into the market performance of the four largest publicly traded mining companies — Marathon Digital Holdings, […]

Bitcoin

Bitcoin Mining Difficulty Is Zooming All-Time High, but the Price of BTC Is Moving Faster

After the mining difficulty of the Bitcoin (BTC) has sprung sharply today, mining has become 20 percent more difficult than just before the third BTC halved in May. In the same period of time, however, the price of the most popular cryptocurrency rallied by 27 percent, saving the profit margins of miners. Mining difficulty, or […]

cryptocurrency act of 2020

US Congressman Introduces Cryptocurrency Act of 2020

A United States congressman is the latest working to clarify and determine which U.S. regulator is responsible for which digital assets. On March 9, Representative Paul Gosar (R-AZ) introduced the “Cryptocurrency Act of 2020”, a bill that looks to choreograph a wide range of digital assets to answer to the appropriate regulator. The proposed regulatory […]

graphics cards for crypto mining

Top Graphics Cards to Choose for Crypto Mining Profit

What graphics cards will best suit for crypto mining? This question puts many in a dilemma as the choice is large and manifold. The hype cycles around cryptocurrencies are comparable in their ups and downs to the British weather. This is primarily because of high volatility, which can reduce the entire stash of a potential […]

cryptocurrency ban in Russia

Bank of Russia Sticks to Ban on Cryptocurrency Payments

Though cryptocurrency payments are changing the way we transact, there are still many controversies going around its ban. Previously we have come across many fact sheets that describe banks are barred to offer direct access to crypto assets. But the new law implementing at different states and countries have changed the mindset. A piece of […]